Is wealth inequality reaching a tipping point?

  • Article by: Mark Buchanan , Bloomberg News
  • Updated: February 5, 2014 - 6:27 PM

An experimental world suggests a huge gap may be inevitable.

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gandalf48Feb. 5, 14 6:56 PM

Why does every article talk about the income inequity but never offers up a realistic solution to it?

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theruntFeb. 5, 14 9:06 PM

Employers aren't hiring because people can't afford the things they're making. We could slow the trend a little if employers reached into the stashes they're hoarding and give employees nice raises. We'll spend it!

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elind56Feb. 5, 14 9:17 PM

Some can and do, some can and do not, some cannot and do anyway, and some never had a chance. Would you want it any other way?

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masterson1Feb. 5, 14 9:18 PM

go to africa and see if you can work your way up. go to russia and see if you can work your way up. then complain about your opportunities in america

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LakeliverFeb. 5, 1410:04 PM

masterson1 Your kind of happy with what we got attitude just makes more and more exploitation inevitable. "Look, folks, we should be dancing in the streets because we're not living in Russia or Africa." You just keep dancing, masterson1, and eventually a diminishing middle class will all be as poor as people in those Third World countries. With your kind of thinking there never would have been an American Revolution, we'd likely still have slavery or, at least, extensive child labor. If we don't fight for what the Constitution, Declaration of Independence and Gettysburg Address say this country should be for all of its citizens, we guarantee losing anything resembling equal opportunity.

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LakeliverFeb. 5, 1410:10 PM

Remember the Middle ages and the Divine Right of Kings and the aristocracy to have everything? When we buy into the inevitably of really excessive inequality, we give up on fighting for what the people who established this country fought in the first place. It's such an old story: this business of being too frightened to stand up for yourself, and it leads to more and more of a loss of any power at all to control our own destiny.

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rlwr51Feb. 5, 1410:41 PM

This is exactly what the founders of our country did not want. To allow this to happen is to be disloyal to the country. Allowing laws to be tipped to the favor of the wealthy is unconstitutional. Those who think it's OK for this to continue must somehow believe that they will be one of the few with everything, rather than one of the many with nothing. The odds are not in your favor.

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owatonnabillFeb. 6, 14 7:01 AM

Heh. Class warfare during the months heading up to an important election year. Who'd a thunk it? But let's be real. Owatonnabill remembers reading a few months back that, if all the "wealth" in the world were put into one huge pile and distributed equally to the world's people, it would take less than two years for the situation to revert to precisely the same as it was BEFORE the "distribution". In other words, the rich are rich because they know how to make and hang on to money, and the poor are poor, in general, precisely because they're too stupid to have that talent. So in the end, we're not talking about an income disparity at all but of an intelligence and motivation disparity. But is any politician intent on getting re-elected gonna tell The Electorate that his poorer constituents are poor precisely because they lack, not money, but motivation and brains? Nope. Much easier (and expedient, if you're in the business of accumulating votes) to rail on about The Rich.

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hrearden57Feb. 6, 14 8:02 AM

"go to africa and see if you can work your way up. go to russia and see if you can work your way up. then complain about your opportunities in america" Right. We are losing freedom in America. Vote for freedom. Economic freedom.

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windigolakeFeb. 6, 14 9:27 AM

owatonnabill: "In other words, the rich are rich because they know how to make and hang on to money, and the poor are poor, in general, precisely because they're too stupid to have that talent." So the poor must be stupid. What a awful thing to say. Some people never get the opportunity to learn, to obtain skills or to get into jobs with advancement possibilities. That does not make them stupid. It simply means that the deck is stacked in favor of the rich. I have met plenty of wealthy people who were exceeding stupid, but had enough money that they didn't need to be smart or industrious. Wealthy parents and grandparents are enough these days for millions to live off others' ingenuity and hard work.

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